China property stocks rally as better news challenges record media negativity.

When sentiment towards a market is resolutely negative, any positive news can more easily deliver a bounce as traders feel forced to shift positions.

As the chart below from SentimenTrader shows, news articles about China recently hit their most negative on record amid concerns about the real estate sector and slowing overall economic growth. The negativity — which granted mostly comes from Western media, especially the U.S. — has come of its peak but still sits at a decade high.

And so cue news from China over the weekend that more cities would relax mortgage policies in a bid to shore up the real-estate sector. It was the latest in a number of policy-easing initiatives from Beijing in the last few days, and they seem to have helped improve sentiment — for now at least.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

UBS Cuts VW Rating On China Threat; Company Says China Going WellUBS cut VW to “sell” from “neutral”, saying it is the most exposed carmaker to China. VW said its activity in China was progressing. Profitability is its top priority.
La source: ForbesTech - 🏆 318. / 59 Lire la suite »

Asian Stock Market: Sentiment remains firmer on China, Country Garden newsThe risk appetite improves in Asia during a sluggish start to the week elsewhere as China defends the region’s bulls whereas the US Labor Day holiday
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »

Cryptocurrency Market News - Bitcoin and Altcoins NewsReal-time cryptocurrency market news, Bitcoin and Altcoins, and the latest trading updates. What you need to know now about the Ethereum, Ripple, Bitcoin Cash and Litecoin, among other.
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »